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Forensic Accounting

Trade contracts (trade reivable & trade payables)


Trade receivacles are finanacial asset and trade payables are financial liabilities. (IAS 39, AG4). In this case, Are Trade Contracts( for example cotton selling contract) Financial Instrument?

Thanks

asked Aug 16, 2015 in IAS 39 - Financial Instruments: Recognition and Measurement by Mehmet Yalçın Level 1 Member (1,200 points)

1 Answer

0 votes
Yes, They fall under the financial Instruments category
answered Nov 12, 2016 by sheroze1 Level 2 Member (3,000 points)



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